Of course we frequently hear Of course we frequently hear advice from expert lecturers and religion “do not put off what must be done. Always pray and ask God, because no single person knows how long he will live. Never mind tomorrow, an hour or so we never even know.”

What the experts and religion say is certainly true. Five years ago, a friend who came to me, asking for help to arrange credit insurance house. His sister named Ida has just died. Previously, Ida is my clients as a life insurance policy holders when she not married. When Ida’s getting married, he took the cash to lay off insurance policy to supplement the cost of her wedding. In 2003, Ida and her husband finally decided to buy a house and take out a loan from a bank. Based on the their discussion, the house and the mortgage is taken on behalf of Ida. When Ida was pregnant for second child, aged 5 months pregnant, according to the requirements for taking a loan at a bank, Ida buy life insurance to cover the entire amount of the loan from an insurance company that has been designated by the Bank. After finishing the procedure, then the funds disbursed by the Bank and the house ready to be occupied by Ida and her family. Comes the time of delivery. For one thing, Ida must go through the process of Caesarean section in childbirth. The cause of bleeding after surgery, Ida dies leaving behind a newborn baby, the first child aged 2 years, and beloved husband.

Already hit by the ladder to fall anyway, so the saying goes. In extreme grief, the husband called his mother to help take care of her two children. Before his grief ends, the husband got the news that the house occupied would be confiscated by the Bank, because the mortgage has not been paid for several months.

Oh, God … why is that? Did not I buy insurance to protect family financial fund in case of disaster like this? Investigate a calibaration, after I ask all insurance documents, it turns out when it filed an application for insurance, did not write down the condition that the deceased was 5 months pregnant.

One more story that I wanted to share with friends. When my eldest son will face State Examination in year 2005, I was contacted by one of the parents. He asked me to be able to contribute a donation to one of the kids in my eldest child’s class. The reason is, we call it the name Magdalena, can not take the test because she has not paid school fees for 2 years, and examination fees. After collecting enough funds of about ten parents, Magdalena finally able to take exams.

I asked: “Why she did not pay for her school?” Apparently the mother of Magdalena had breast cancer. After 3 years of illness, she died. So what the connection with Magdalena school tuition? His mother medical expenses, spending all the wealth of his parents, homes, cars and even leaving the debt to the relatives. Finally, Magdalena and her family lived in his grandmother’s house. To note from this experience is, that the sick and death is a housewife and not a wage earner (not working). What happens when a person suffering from illness and death is the wage earner?

Obviously we are concerned with the second story above? Why did this happen? Why beloved family become homeless?. Is there a way out of the conditions above?

almost everyone gives reason that they do not require insurance, or they do not want to set aside money to buy insurance. Many people who only rely on insurance provided by the company where the work or the government.

Many people who has not realized the importance of insurance for their families. And if something unexpected happens, they say that it is fate. Back by any religious leader, that fate can be changed.

What effort that can be done to protect loved ones from financial crisis? Especially for someone who is a breadwinner for his family.

The things above are not going to happen when a family has:

1. Life insurance for the breadwinner (male or female) and total permanent disability insurance. Necessary insurance is life insurance that is sufficient to help the families left behind to rise again. Its magnitude depends on spending a family. Minimum sum assured for life insurance spending a year x 5 years. With that much money, can help the family bounce back from adversity as a breadwinner dies or gets total permanent disability. The larger the sum the better.

2. In the case of Ida, a person applying for a loan installments to acquire assets (houses, cars, motorcycles, etc.) required to buy insurance to protect assets that have been collected. It must be owned by a family that has a loan, so that if the borrower dies, the assets are not seized by the bank or leasing, because the rest of the loan has been repaid by the insurance company.

3. Fill out all forms of insurance filing in accordance with current health condition of the signer. Do not ever want to sign any forms if you have not read the contents. If any borrower has an existing illness, or in a pregnant condition, write truthfully health conditions in the insurance application form. If there is one thing that is not filled out incorrectly, and the policyholder dies, the insurance company will not pay the claim, because it is considered to have occurred lies. Why is that? Because insurance premiums from individual who have the disease is more expensive than healthy individuals. In this case the insurance protect your assets.

4. In a family, father and mother must have critical illness insurance. Large sum assured should not modest. Calculate how much the cost of operating when exposed to cancer, heart disease, kidney failure or other critical illness, then add to the cost of post-operative (post-surgery treatment costs). For example: $ 2,500 for operating expenses, medical expenses for 10 years is $ 1,000, then money to claim is $ 3500. Why does critical illness insurance is needed? Because critical disease can erode the assets that have been collected for years even decades.

5. Health insurance hospitalization. Not only critical illnesses that require a lot of money, but the outbreak of disease that needs to be treated in a hospital requires no small cost. Buy health insurance to protect your savings and paper assets. If health insurance is obtained from the company are sufficient, you do not need to buy health insurance again.

6. After all adequate, plan cost of your children’s education. The formula that can be used is insurance education, relationship education or other programs, especially for college. Its magnitude can be set taking into the element of inflation. To ensure that adequate investment in education costs and can be used just in time, you can request assistance from the Financial Planner, or you can also buy software specifically designed to calculate the cost of education.

Do a review of the sum assured at least 2 years. Likely because of inflation, insurance money held its value is reduced two years later.l

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